03 February 2006 17:42 [Source: ICIS news]
MADRID (ICIS news)--Spanish chemicals and energy company Sniace intends to build a 200,000 tonne/year bioethanol plant in Poland, a company spokeswoman said on Friday.
The company is about to sign a joint venture deal with a Polish industrial partner to build the factory, which will require investment of up to Euro140m ($170m) and for which there is no construction timeline, she said.
Madrid-based Sniace will own up to 15% of the venture, she added. A location for the plant has yet to be chosen.
The news came as Sniace announced it will dismiss 114 workers from its loss-making polyamide factory in Torrelavega, Spain, to exit that business.
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